CAclubindia Articles
An investing misconception
We are sure that everyone, at some point of time in their investing career has faced this situation. You are thinking of investing in a stock, but you feel that the entry price is way too high. And, this is purely based on the absolute share price
Income Tax Exemptions are Poor Justification for DTC
Experts opinions, newspaper editorials and even comments on CA Club website lavishly talk about income tax exemptions to be distorting the tax scene of the country, leading to massive leakage of revenue to the government and ultimately responsibl
Credit Cards : A double side Edged Sword
Credit Cards : A double side Edged Sword Credit cards have brought revolutionary changes in our way of thinking for spending. On one hand, its a financial tool due to the convenience of its use, but, on the other hand, it endangers you to fell in a
Taxing art: New rules on point of taxation
The Art of taxation is one of the fortes of the finance ministry. It has innovative concepts and ideas of creating tax liabilities even though the service has not been provided at a given point of time. The CBEC has proposed a new rule to be impleme
Outsourcing a small problem
"Let's stop giving tax breaks to companies that are shipping jobs overseas. Let's stop incentivizing that and let's give tax breaks to companies that are investing right here in the United States of America," Obama said
Welcome to a country where candies are replacing coins
Last month, when I wswas travelling from Indore to Bhopal and as my cab crossed the first toll booth on the highway, the cabbie handed me a ten rupees note and 3 eclairs (Cadbury was not written on those fake é
Exact time required for preparation to pass CA examination
Many a times student ask whether 3 or 4 months will be sufficient enough for the preparation of examination like CA final, not only this ,they will put certain conditions like they are average or dull student ,now will the time be sufficient for t
Annual Tax Saving Tips : Especially for salaried employees
Annual Tax Saving Tips : Especially for salaried employees Ideally everyone should plan their tax saving from April onwards but often people tend to forget this matter after submission of their investment declarations to their employers. Often
Annual Tax Statement (Form 26AS)
Annual Tax Statement (Form 26AS) Annual Tax Statement (Form 26AS) is a statement, which is created financial year wise on the basis of TDS/TCS returns filed by the Deductor/Collector and tax deposited in the bank. Form 26AS includes details of
Deferred Tax asset on Depreciation Loss: a Moot
Deferred Tax asset on Depreciation Loss: a Moot Creation of deferred tax asset in pursuance of accounting standard-22 requires existence of an intriguing situation called ‘Virtual Certainty’ for future taxable profits. ‘Virtual Cer
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